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<br />ROSE PLACE MANOR HOMES ASSOCIATION <br />FIRST YEAR ESTIMATED ANNUAL OPERATING BUDGET- <br /> <br />~!!.~[IL'i>f~ti!?l~l!.Ii~ : <br />INSURA.~C,"; (1) <br />MA~AGEMEH'r ~ 2) <br />REPAIRS AND MAINTENA~CE <br /> <br />RESERVE FOR REPLACEMENT <br /> <br />$ 2,742.00 <br />$ 4,159.00 <br />$ 2,000.00 <br />$ 2,799.00 <br />$ 1,200.00 <br />$ 1,331.00 <br />$ 1, 411.00 <br />$ 599.00 <br />$ 613.00 <br />$ 142.00 <br />$16,996.00 <br />$ 1,062.25 <br />$ 88.52 <br /> <br />GROUNDS UPKEEP <br /> <br />SNOW REMOVl\L <br /> <br />TRAS:i ~E'10VAL. <br /> <br />SANITARY SJ:o;W~R <br /> <br />STORM SEWER <br /> <br />MISCgLLANEOUS EXPENSE AND <br />OPERATING CONTINGENCY <br /> <br />ESTIMATED TOTAL EXPg~DITURES <br /> <br />ESTIMATED TOTAL EXPENDITURES PER UNIT <br /> <br />ESTIMATED MONTHLY F.:X?EtmITURES PER UNIT <br />AND ASSOCIATION FiE <br /> <br />FOOTNOTES <br /> <br />(1) Insurance: $1,000,000.00 li~bility, and Association Officers <br />and Dlrectors liability coverage of $1,000,000.00. <br />All R1SK Insurance on buildings and garages - <br />$54,000.00 minimum per unlt. $2,000.00 per unit <br />premlses medical pay. (This insurance is for the <br />beneflt of the Association on!y. UNIT OWNERS ARE <br />RESPO~SrBLE FOR PURCHASING THEIR OWN INDIVIDUAL <br />LIABILITV AND LOSS COVERAGE). <br /> <br />(2) After second year the ASSoc1ation has the option of <br />managing, at whici\ time the management fee could be reduced or <br />elim1.nated. <br /> <br />* <br /> <br />prepared by Rosevi11e Townhomes, Inc., projected as of <br />February, 1985 based on 16 units. <br /> <br />4:::e <br /> <br />EXHIBIT E <br />